On June 16th Sinochem Chemical Fertilizer Co.,Ltd.(Sinochem Chemical Fertilizer)under Sinochem Corporation and Shandong Pingyuan County Economic Development & Investment Corporation held a ceremony in Pingynan County of Shandong province for signing the contract on acquiring Shandong De Qilong Chemical Group Co.,Ltd.(De Qilong).After the acquisition,De Qilong is renamed Sinochem Pingyuan Chemical Co.,Ltd.Sinochem